March 12, 2018
COLUMBUS, Ohio, March 12, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that it has signed a definitive agreement to acquire through a sale-leaseback transaction four Sears department stores and four adjacent Sears Auto Centers (collectively, the “Properties”) located at Tier One assets. The purchase price is approximately $28.5 million, and Washington Prime Group (the “Company”) expects to complete the acquisition during the second quarter of 2018, subject to due diligence and customary closing conditions.
The Company will have control of these Properties for future redevelopment. Sears will continue to operate the Properties under new leases with the C...
February 26, 2018
COLUMBUS, Ohio, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that Lou Conforti, CEO and Director, and Mark Yale, CFO, will participate in a roundtable presentation at the Citi 2018 Global Property CEO Conference in Hollywood, Florida. The Company’s roundtable presentation is scheduled for Wednesday, March 7, 2018 at 8:10 a.m. ET.
A live audio webcast of the presentation will be available on the Company’s investor relations website at http://investor.washingtonprime.com. An audio replay of the presentation will be available through Sunday, June 3, 2018.
About Washington Prime Group
Washington Prime Group Inc. is a retail REIT and a recognized l...
February 21, 2018
COLUMBUS, Ohio, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today reported financial and operating results for the fourth quarter and fiscal year ended December 31, 2017 that reflect continued progress of the execution of the Company’s financial, operating and strategic objectives. A description of each non-GAAP financial measure and the related reconciliation to the comparable GAAP financial measure are included in this release.
Three Months Ended
Twelve Months Ended
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February 20, 2018
COLUMBUS, Ohio, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Washington Prime Group Inc. (NYSE:WPG) today announced that the Company’s Board of Directors declared a quarterly cash dividend on its common shares and operating partnership units. A cash dividend of $0.25 per common share and operating partnership unit was declared. The dividend is payable on March 15, 2018 to shareholders and operating partnership unit holders of record on March 5, 2018.
In addition, the Board of Directors declared quarterly cash dividends of $0.4688 per Series H preferred share of beneficial interest, $0.4297 per Series I preferred share of beneficial interest, and $0.4563 per Series I-1 preferred unit of Preferred Lim...